EUR/AUD – 30M – BUYThe combination Euro/Australian Dollar (EUR/AUD) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 1.63716 will continue.
Caution: A possible change in the direction of the support level at 1.63342 could happen.
Consider stop-loss settings accordingly.
Then a ‘Three Outside Up’ candle pattern is existing. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64969 |
| 2nd High | 1.63924 |
| Next High | 1.63716 |
| Current Price | 1.64279 |
| Next Low | 1.63342 |
| 2nd Low | 1.63237 |
| 3rd Low | 1.61957 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up